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Member
Posts: 48,789
Joined: Oct 14 2010
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May 4 2023 03:29pm
Seriously considering emptying my savings account.
I have no idea if and when a potential US debt default will affect the FDICs ability to payout accounts from these crashing banks
Member
Posts: 28,746
Joined: Feb 13 2005
Gold: 500.00
May 5 2023 04:11am
And then what? Stash all of your cash in a safe? Who knows what will happen in the immediate to distant future, but I hope you are at least planning several steps ahead and considering the many cons that will go with brash decisions.

I personally keep a limited amount of cash in savings and spread capitol around in such a way that I won't get my face completely ripped off if there is a scenario that results in my bank accounts getting cream pied.
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Joined: Jun 20 2007
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May 5 2023 07:25am
Why not just invest your money in equity investments? You have an immediate need for the cash?
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May 5 2023 09:25am
no need to fear, they will just print more and save the (big) banks
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Joined: May 20 2010
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May 5 2023 09:10pm
Quote (Melatonina @ May 5 2023 10:25am)
no need to fear, they will just print more and save the (big) banks


Money is fake, is infinite because is nothing
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